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Stablecoin Supply Fell to $307B While Tether Booked $1.5B and Halved Its Own Buffer

Total stablecoin supply dropped to roughly $307.5 billion by August 2, with USDT at $183.2 billion and USDC at $72.1 billion, both below spring peaks. Tether reported $1.5 billion of Q2 operating profit while its excess reserve buffer fell from $8.23B to $4.11B.

USDTUSDCTRXstablecoinsmicaAug 5, 2026

DeFi Is Down to $70B After a 39% Year and Only Two Top-10 Chains Grew

DeFi total value locked has fallen roughly 39% in 2026 to around $70 billion, down 59.6% from the November 2021 peak. Ethereum holds 53.1% share at $38.2 billion. Among the ten largest ecosystems, only TRON and Hyperliquid grew this year.

ETHTRXHYPEdefitvlAug 5, 2026

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